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Some Researchers Have Added a Fourth Element to the Fraud

question 51

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Some researchers have added a fourth element to the fraud triangle making it a fraud diamond. What is that element?


Definitions:

Individual Skills

Refers to the personal capabilities and competencies that an individual possesses, which may include technical skills, soft skills, or specific talents.

Monitoring

The process of systematically observing and recording information or activities, typically to assess performance or progress.

Virtual Teams

Groups of people who work together from different geographical locations and rely on electronic means of communication to collaborate on projects or tasks.

Group Development

The stages or processes that groups go through as they progress and evolve, typically including forming, storming, norming, performing, and adjourning.

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